An example of the three parties in an assurance engagement would be:
A) audit client, employee, customer.
B) audit client, supplier, auditor.
C) auditor, shareholder, general public.
D) auditor, general public, employees.

Question

Quizplus · Accepted Answer

The three parties in an assurance engagement are the assurance provider, the intended users of the assurance report or services, and the responsible party. In this case, the audit client is the responsible party, the auditor is the assurance provider, and the supplier is an example of an intended user of the assurance report or services. Therefore, choice B is the best answer.

An Example of the Three Parties in an Assurance Engagement